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1646056

registered interest
date	20/06/2023
answering body	Department for Business and Trade
answering dept id	214
answering dept short name	Business and Trade
answering dept sort name	Business and Trade
hansard heading	Investment: Codes of Practice
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business and Trade, whether she has made an assessment of the potential merits of updating the UK Stewardship Code 2020 to reflect the actions of signatories after it has been signed.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	190365
answer	answer is ministerial correction date of answer 26/06/2023 answer text <p>The Financial Reporting Council (FRC) sets the UK Stewardship Code and revised it in 2020 to promote better reporting on stewardship outcomes. Research in 2022 found strong evidence of positive changes in stewardship practice under the revised Code. Signatories to the Code have to submit a new report each year to maintain their signatory status.</p><p> </p><p>The FRC’s terms and conditions for the Stewardship Code outline the circumstances in which the FRC may remove an organisation from the list of signatories, including provision of information which is later discovered to be false or inaccurate, or investigation by a regulatory body.</p><p> </p><p>From this autumn, the FRC plans to work with the Financial Conduct Authority, the Department for Work and Pensions and the Pensions Regulator to review the regulatory framework for stewardship, including the operation of the Stewardship Code. The review will assess how far the Code is creating a market for effective stewardship and the need for any further regulation in this area.</p> answering member constituency Thirsk and Malton answering member printed Kevin Hollinrake grouped question UIN 190366 question first answered 26/06/2023 12:08:23 answering member 4474 label Biography information for Kevin Hollinrake
tabling member	4124 label Biography information for Chi Onwurah

1005852

registered interest
date	12/11/2018
answering body	Department for Transport
answering dept id	27
answering dept short name	Transport
answering dept sort name	Transport
hansard heading	Roads: Tyne and Wear
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Transport, with reference to Budget 2018, how much of the the £420 million to be provided to councils to fix potholes and carry out other road repairs will be allocated to (a) South Tyneside Council and (b) Gateshead Council.
tabling member constituency	Jarrow
tabling member printed	Mr Stephen Hepburn
uin	190365
answer	answer is ministerial correction date of answer 20/11/2018 answer text <p>From the £420 million for road maintenance announced in the Budget 2018, the Department for Transport has allocated (a) South Tyneside Council with £0.686 million and (b) Gateshead council with £1.2 million. This funding was provided to authorities on 13 November 2018.</p><p> </p><p>This funding is in addition to just under £6.2 billion the Department are allocating to highway authorities between 2015 and 2021 for local highways maintenance, including £296 million through the pothole action fund.</p><p> </p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 20/11/2018 15:19:54 answering member 3991 label Biography information for Jesse Norman
tabling member	520 label Biography information for Mr Stephen Hepburn